Philippines wants investment grade rating by end of Aquino’s presidency in 2017

24 Mar 2011

The Republic of the Philippines wants to become investment grade within the next five years, and plans to cut its reliance on offshore debt markets for funding, said Cesar Purisima, financial secretary, this week.

The country has targeted 2017 for the upgrade, EuroWeekAsia’s sister publication Asiamoney reported, earlier this week. It has chosen this date because it is when president Benigno "Noynoy" Aquino’s ends his term in office.Aquino, whose father and mother were both former presidents of the Philippines, is not allowed ...

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